-The Times of India NEW DELHI: The Election Commission (EC) has written to the Financial Intelligence Unit (FIU) to keep tabs on all suspicious transactions of politicians, especially those contesting elections, and report them to enforcement agencies for investigation. The directive to the FIU is a bid to cleanse elections of illicit money use. The FIU is also preparing dossiers on asset details of all candidates contesting Lok Sabha and assembly polls,...
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Govt plans tie-up with postal department for Annshree Yojana -Ambika Pandit
-The Times of India NEW DELHI: Eager to make an impact on the electorate by expediting enrolments under its flagship cash-for-food programme Annshree Yojana, the Delhi government is exploring the option of tying up with the postal department to speed up opening of Aadhaar-enabled, zero-balance accounts for beneficiaries from economically weaker sections not covered by the public distribution system. A total of 45,000 beneficiaries have been enrolled under the scheme launched in...
More »For the people, by the people-Neha Khator
-The Hindu Neha Khator narrates the story of an NGO that transformed a backward village into a bustling city, with funds, of course, but also by fostering a sense of duty in its residents. Vimla Kanwar, a 70-year-old widow, had a problem. After her husband, a handloom yarn spinner, died of cancer, the officials at the Khadi Gram Udyog took away his charkha. Concerned about finding a means of survival at her...
More »Banks suppressing alerts on suspect dealings: RBI probe-Josy Joseph
-The Times of India NEW DELHI: An investigation by the Reserve Bank of India (RBI) into allegations of money laundering by private banks has found large-scale violations ranging from huge cash deposits without PAN to dummy numbers. The probe report, a copy of which is available with TOI, shows that three private players - HDFC Bank, ICICI Bank and Axis Bank - had also hugely suppressed alerts generated by their system on...
More »RBI probes Cobrapost report, reveals violations by banks: sources
-CNN-IBN New Delhi: The Reserve Bank of India is probing the Cobrapost sting operation on alleged money laundering by top banks. The RBI report has revealed major irregularities in top banks. The report shows string of violations on several counts. Sources say the RBI report reveals dummy PANs, unknown NRO IDs, unauthorised gold sale, rampant non-compliance of KYC norms and irregular staff trips. Sources say the RBI probe into ICICI Bank reveals cash...
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